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Prairie State Wire

Saturday, November 2, 2024

Job growth varies across Illinois metro areas

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Jeffrey D. Mays | Director of Employment Security | IDES website

Jeffrey D. Mays | Director of Employment Security | IDES website

Over the past year, ten metropolitan areas experienced an increase in total nonfarm jobs, while four saw a decrease, according to data released by the U.S. Bureau of Labor Statistics and the Illinois Department of Employment Security (IDES). During this period ending May 2024, the unemployment rate rose in twelve metropolitan areas, decreased in one, and remained unchanged in another.

"Steady, consistent job growth continues to benefit workers and employers in every corner of the state," said Deputy Governor Andy Manar. "Investing in a strong, viable workforce ecosystem which remains advantageous to our diverse labor force continues to be a top priority."

The Champaign-Urbana MSA recorded the largest percentage increase in total nonfarm jobs at 2.5%, adding 3,100 jobs. The Bloomington MSA and Elgin Metro both saw increases of 1.7%, with gains of 1,700 and 4,500 jobs respectively. In contrast, Springfield MSA experienced a decline of 2% or 2,200 jobs; Davenport-Moline-Rock Island IA-IL MSA fell by 1.5% or 2,700 jobs; and Decatur MSA dropped by 1% or 500 jobs.

Industries showing job growth across most metro areas included Government (twelve areas), Private Education and Health Services as well as Other Services (eleven areas each), Wholesale Trade (ten areas), and Manufacturing (eight areas).

Chicago Metro Division had the highest rise in unemployment rate at +1.1 points reaching 4.8%, followed by Bloomington MSA with an increase of +0.6 point to reach 4.2%. Conversely, Rockford MSA saw its unemployment rate drop by -0.6 point to settle at 5.6%, while Decatur MSA's rate remained unchanged.

IDES provides employment services such as Job Fairs and IllinoisJobLink.com for workers and employers across Illinois while offering insights through Labor Market Information analysis along with administering Unemployment Insurance Program services.

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